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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn.

in SteemitCryptoAcademy2 years ago

The Binance Blockchain laid down a very nice strategy to reduce supply and increase demand for their currency, so that it becomes more scarce and valuable. So far, they have burnt have of the total circulating supply (over 100 million BNB token burnt).
This token has proven to me that indeed burning of tokens could be very valuable to a cryptocurrency, as the price and value of BNB have been very bullish since is was launched in 2017.

Thanks for sharing friend, and goodluck in this contest. #steem-on.

I will appreciate if you equally engage on Mine

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